Local Rule 6005-2: Employment of Appraisers.

Local Bankr. R. 6005-2 Employment of Appraisers. Effective March 16, 2026

(a) In addition to Local Bankr. R. 2014-1, all applications for the appointment of an appraiser or a valuation expert ("appraiser") shall be filed with the Court for approval and shall be set for a hearing, see Appendix N. Said applications shall contain among other things the following information:

(1) The appraiser's qualifications for the proposed employment;

(2) A statement setting forth in what manner and by whom the costs of the appraisal will be paid, and if payment is to be made from assets of the estate, a statement that the estate has adequate funds with which to pay the appraisal fee;

(3) The name and address of the appraiser and the estimated maximum amount of the appraisal fee;

(4) A description of the item(s) to be appraised, their estimated value and the time required for the appraisal; and

(5) If the appraiser sought to be appointed will incur travel expenses in connection with the appraisal, an explanation as to why a local appraiser is unavailable or unsuitable.

(b) All applications for allowance of appraiser's fees for services rendered or reimbursement of expenses which exceed one thousand dollars ($1,000.00) or more, shall, in addition to the requirements set forth in the Bankruptcy Code and FRBP 2016(a), contain the following information:

(1) The date of the order of appointment;

(2) In concise form, a general narrative statement of the nature of the services provided; and

(3) A statement, based upon records prepared contemporaneously with the services rendered, indicating:

(A) The dates the services were rendered;

(B) The identity of the person or persons rendering such services; and

(C) The total compensation sought by each person providing the services.